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CNB and why it is STILL undervalued!!, page-1354

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Immetoday

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25/06/21

08:30

Post #: 54059675
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Originally posted by Skene1988: ↑

I'm neither a Geo nor a professional / sophisticated investor.

12 - 18 months ago I looked at numerous explorers to move some profits from another company into.

When buying an explorer I was essentially buying a "mystery gift box" like the kind you buy at markets for children.

I wasn't going in blind, I had done the best research I could to determine which "vendor" (company) had the best and most likely potential prize. I settled on two: CNB and HMX. At the time the CNB vendor essentially said to me "for 7c you can buy this box which contains 5 or 6 other boxes which in turn may or may not contain gold and copper. Oh, and there is one smaller box here that we know contains a little gold but we think there might be even more gold in it too."

Since then the asking price went up as high as 40c however the risk was removed: the vendor opened a couple of these boxes and showed me there was indeed cooper and gold in them. He hasn't told me how much. But I'm substantially de-risked at this point. So I've bought more boxes. If other people in the market decide they don't want to buy these boxes, for whatever reason, then the vendor has to reduce the price of those boxes to 35c / 30c / 25c. I still know what's in some of those boxes (though not how much) and I'm still excited by what's in the remaining boxes and so I will continue to buy.

I'm not looking to resell the half opened boxes. I'm waiting to find out what's inside them and take value from there. With every new result, the risk / reward has been getting better for me... the vendor would be right to charge me more. But if the vendor doesn't want to charge me more, then I'll keep buying more at bargain prices.

Not financial advice, simply how I view CNB and why I'm fine if the SP doesn't go flying in the short term.

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Completely agree with you, your boxes were a bargain, so we’re mine.

But would you buy the same box now if it wasn’t gift wrapped and you could see what most of the mystery gift was? Would you buy the box for 35c.........or would you go the next vendor and ask to swap your current box for some of their very cheap mystery boxes in the hope of unwrapping another gem?

.....I guess it all boils down to ‘what time are you leaving the market to go home’

CNB Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 38.5¢		Change -0.020(4.94%)		Mkt cap ! $66.19M

Open	High	Low	Value	Volume
41.0¢	41.0¢	38.0¢	$63.03K	163.1K

Buyers (Bids)

No.	Vol.	Price($)
2	11099	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	11000	2

View Market Depth

No.	Vol.	Price($)
1	9999	0.385
2	18942	0.380
1	20000	0.375
3	9000	0.370
4	5301	0.360

Price($)	Vol.	No.
0.400	11000	2
0.405	6000	1
0.410	10500	2
0.420	36835	2
0.440	25000	1

Last trade - 16.10pm 13/09/2024 (20 minute delay)

CNB (ASX) Chart

CNB and why it is STILL undervalued!!, page-1354

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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CNB and why it is STILL undervalued!!, page-1354

Top Stories

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

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Buyers (Bids)

Sellers (Offers)

Featured News